Extremely Likely That Bitcoin Will Moon Soon

It’s April 2022, Bitcoin has been consolidating around these levels for a long time. It is easy to see now by looking at the historic chart of Bitcoin that it is extremely likely to make a quick move up very very soon. The reason that Bitcoin’s price is bound to go up is simple. The historical chart of Bitcoin shows that every time there is a significant increase in price, there is always a corresponding increase in volume.

This relationship between price and volume is known as the Price/Volume Ratio or PVR. The PVR is a very important indicator because it shows how much buying or selling pressure there is at any given price. When the PVR is high, it means that there is more buying pressure than selling pressure and vice versa. Right now, the PVR for Bitcoin is extremely high which means that there is more buying pressure than selling pressure. This indicates that people are expecting the price of Bitcoin to go up soon.

Another reason why Bitcoin’s price is bound to go up soon is that the halving event is coming up soon, an event that always creates massive FOMO even far in advance. The halving event happens every 4 years and it cuts the block reward in half. This causes a supply shock which generally leads to an increase in price.

The last time the halving event happened was in 2016 and we saw a massive rally in 2017 where the price of Bitcoin went from $1000 to almost $20000. It is highly likely that we will see a similar rally this time around as well.

It is very easy to profit from Bitcoin’s price rise. The simplest way is to buy Bitcoin and hold it for the long term. This strategy is called HODLing and it has made a lot of people very rich. Another way to profit from Bitcoin’s price rise is to trade it. This can be done either through buying and selling Bitcoin directly or through derivatives such as futures contracts or CFDs.

If you want to trade Bitcoin, the first thing you need to do is open an account with a reputable exchange. Once you have done that, you will need to deposit some funds into your account. Once your account is funded, you can start buying and selling Bitcoin.

It is important to remember that when trading, you are exposed to risk. This means that you can lose money if the market moves against you. However, if you manage your risk properly, trading can be a very profitable activity.

One way to safeguard your Bitcoin investments is to use a cold storage wallet. Cold storage wallets are offline wallets that are not connected to the internet. This means that they are much more secure than online wallets since there is no way for hackers to access them.

Another way to safeguard your Bitcoin investments is to use a hardware wallet. Hardware wallets are physical devices that store your Bitcoin offline. They are very secure and they allow you to keep your Bitcoin completely safe from hackers.

The halving event is coming up soon and this is expected to cause a massive rally in price. Additionally, the PVR is currently at an all-time high which indicates that there is a lot of buying pressure in the market. It is highly likely that we will see the price of Bitcoin reach $100000 or even higher within the next few months. So if you are thinking about investing in Bitcoin, now would be a good time to do it.

Thank you for reading. You can read more articles on our website at Cryptochartis.com

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Cryptochartis.com is the go-to source for honest and unbiased cryptocurrency news, predictions, and market analysis.

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CryptoChartis

Cryptochartis.com is the go-to source for honest and unbiased cryptocurrency news, predictions, and market analysis.